Despite some of the world’s highest taxes, Europe’s welfare states are fiscally unsustainable, suffering from slowly worsening structural deficits.
China demonstrated that our government debt, built over half a century of excessive welfare-state spending, is a major threat to our national security.
One of the remaining, big European welfare-state entitlements is being developed in Congress — by Republicans.
The degree of misery imposed by socialism is proportionate to the degree of redistribution.
Even when the welfare state has worked its way through the economy, Swedes are poorer than Americans.
This tax reform appears to have been designed primarily to help secure future funding for a large, and growing, welfare state. Is this really what most Republicans in Congress wanted?